Guaranteed fixed fees for Leasehold Conveyancing in Great Shelford

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Great Shelford leasehold conveyancing Example Support Desk Enquiries

I have recently realised that I have Sixty One years remaining on my lease in Great Shelford. I now wish to extend my lease but my freeholder is missing. What are my options?

On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to locate the lessor. For most situations an enquiry agent may be useful to conduct investigations and to produce a report which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Great Shelford.

Expecting to complete next month on a studio apartment in Great Shelford. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?

Your report on title for your leasehold conveyancing in Great Shelford should include some of the following:

  • You should be sent a copy of the lease
  • Details of the parties to the lease, for example these could be the leaseholder (you), head lessor, freeholder
  • Does the lease prohibit wood flooring?
  • You should have a good understanding of the insurance provisions
  • Changes to the flat (alterations and additions)
  • I don't know whether the lease allows me to alter or improve anything in the flat - you should know whether it applies to all alterations or just structural alteration, and whether consent is required
  • Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? For details of the information to be contained in your report on your leasehold property in Great Shelford please enquire of your solicitor in ahead of your conveyancing in Great Shelford

    • I am looking at a two flats in Great Shelford both have approximately 50 years unexpired on the lease term. should I be concerned?

    There are plenty of short leases in Great Shelford. The lease is a right to use the premises for a period of time. As the lease gets shorter the saleability of the lease deteriorate and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field

    Can you offer any advice when it comes to choosing a Great Shelford conveyancing practice to carry out our lease extension conveyancing?

    If you are instructing a property lawyer for lease extension works (regardless if they are a Great Shelford conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Great Shelford conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. Some following of questions might be useful:

    • How familiar is the practice with lease extension legislation?
  • What are the charges for lease extension work?

    • Do you have any top tips for leasehold conveyancing in Great Shelford with the aim of saving time on the sale process?

    • Much of the frustration in leasehold conveyancing in Great Shelford can be reduced if you appoint lawyers the minute you market your property and ask them to put together the leasehold documentation needed by the buyers solicitors.
    • The majority landlords or managing agents in Great Shelford charge for providing management packs for a leasehold homes. You or your lawyers should find out the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Great Shelford.
  • In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Most leases in Great Shelford state that internal structural changes or installing wooden flooring calls for a licence from the Landlord acquiescing to such changes. Where you dont have the consents in place do not communicate with the landlord without checking with your conveyancer in the first instance.
  • If you have had conflict with your landlord or managing agents it is very important that these are settled before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where there is a current dispute. You may have to bite the bullet and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to reveal the dispute as historic as opposed to unsettled.
  • You believe that you know the number of years remaining on your lease but it would be advisable double-check by asking your conveyancers. A purchaser's conveyancer will not be happy to advise their client to where the remaining number of years is less than 80 years. In the circumstances it is essential at an early stage that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale.

    • Great Shelford Leasehold Conveyancing - Sample of Questions you should ask Prior to Purchasing

      It would be prudent to enquire if there are any onerous prohibitions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Great Shelford. If you love the propertyin Great Shelford yet your dog can’t live with you then you will be faced difficult determination. The best form of lease arrangement is if the freehold reversion is in the ownership of the leaseholders. In this situation the tenants benefit from control and although a managing agent is usually employed where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Can you inform me if there are any major works in the planning that could increase the service charges?

    Other Topics

    Lease Extensions in Great Shelford